Capital International Investors Sells 59,988 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Capital International Investors lessened its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 48.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,904 shares of the company’s stock after selling 59,988 shares during the period. Capital International Investors’ holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 1.9% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock valued at $647,000 after purchasing an additional 432 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 29,223 shares of the company’s stock worth $811,000 after buying an additional 474 shares in the last quarter. Pines Wealth Management LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% during the third quarter. Pines Wealth Management LLC now owns 29,398 shares of the company’s stock valued at $816,000 after buying an additional 477 shares during the period. Marshall & Sterling Wealth Advisors Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% during the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after buying an additional 477 shares during the period. Finally, Lodestone Wealth Management LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 0.8% in the second quarter. Lodestone Wealth Management LLC now owns 75,951 shares of the company’s stock valued at $2,098,000 after acquiring an additional 609 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Performance

NYSEARCA:CGMS opened at $27.28 on Friday. The firm has a 50-day simple moving average of $27.70 and a 200-day simple moving average of $27.74. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08. The firm has a market cap of $4.13 billion, a P/E ratio of 10.71 and a beta of 0.34.

Capital Group U.S. Multi-Sector Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.1148 dividend. This represents a c) annualized dividend and a yield of 5.0%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date was Friday, February 27th.

Capital Group U.S. Multi-Sector Income ETF Company Profile

The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.